Beginner’s Guide to Blue Trading: Complete Review

Beginner’s Guide to Blue Trading: Complete Review

Blue Trading is a managed account broker that began by serving private, institutional investors before adding full-service retail accounts. Now, Blue Trading is a full-service firm for managed account trading with retail accounts available around the world. Blue Trading delivers a straightforward experience for clients via its Managed Account Platform. Users can log in 24/7 to watch their accounts. Although clients can view their accounts at any time, they do not have to worry about executing trades or making decisions about those trades.

History of Blue Trading

Blue Trading began in 2012 under the leadership of Richard Anderson. By early 2016, the company had added the support for full-service retail accounts. Anderson founded Blue Trading due to the lack of funds that used a diversified and modern approach that took advantage of a range of trading instruments. He aimed to fill that gap and did so with Blue Trading.

Although Blue Trading is relatively young as a company, the traders behind it have a combined experience of 40 years, particularly in the finance sector. This allows for the impressive returns that clients have come to expect.

The original algorithms and manual systems that Blue Trading used were designed to be used with professional institutional investors of a large scale. In 2016, following the cryptocurrency and forex boom, Blue Trading decided that retail trading clients would also appreciate the services. Now, the company has clients in 31 different countries. The total amount under management by all traders, including third-party operators, is €36 million.

How Does Blue Trading Work?

The team at Blue Trading continuously does market research along with development to ensure that their knowledge stays relevant and up-to-date. This allows Blue Trading to deliver profits even as the global financial markets change since the team making the trades will be aware of all those changes and other factors affecting the markets.

The team constantly evaluates the traded instrument algorithms and those of new exotic instruments to provide the best trading opportunities. Blue Trading also has its own proprietary algorithms and uses them during isolated trading periods to carefully identify the customary price action that works best with their trading strategies.

The trading team at Blue Trading only executes trades of the highest probability. Those trades are completed using sophisticated analytical models that can identify the ideal opportunities on the particular trading instruments they plan to use.

Additionally, Blue Trading applies risk management principles to all trading accounts to ensure consistency via a driven and quantitative trade model. For added client fund safety, trades are monitored 24/7. Every trader has their own trading strategies. These strategies are linked to a risk-management scale that sits along the pre-determined exposure within the client’s overall trading strategy.

Blue Trading uses extremely liquid global markets thanks to their cost-effectiveness and the fact that they are a well-developed asset class that follows price actions that are conducive to the profit goals. The company relies on advanced research on the largest financial markets in the world, so the trade managers can use insight-driven and specialized trading systems to deliver consistent returns.

What Are Some Advantages of Opening an Account with Blue Trading?

Blue Trading offers multiple reasons to appeal to potential clients. The trading team has 40 years of combined trading experience, as mentioned earlier. Additionally, the team follows a very diversified trading strategy that relies on more than five traders, each with over ten trading strategies up their sleeves.

For fund safety, all funds are deposited to the Bank Brokerage Liquidity Provider. In terms of confidence in the company, its track record is 100-percent verified by a CPA firm and third-party trading verification sites.

Of course, clients also get the general benefits associated with a managed account from any firm, meaning no need to do any hands-on trading. Even so, Blue Trading stands out by letting clients access the trading platform to view their trades and account any time of the day or night, via the computer or a mobile device. Additionally, there is no upfront cost, so you only pay a fee based on profits.

What Platform Does Blue Trading Use?

Blue Trading uses a professional proprietary platform that connects to trading accounts with Mirror Trader. This solution allows the trading team to manage multiple accounts at once via the platform and lets the clients view the trades. Blue Trading is not compatible with MetaTrader accounts since some of the advanced trading instruments are incompatible with the platform the company uses.

What Is the Track Record of Blue Trading?

Since Blue Trading has fully managed portfolios, potential clients will want to take a close look at its track record to confirm that the company does indeed deliver results. Blue Trading understands this and delivers complete transparency via performance details that have been audited by a CPA firm. The company website has an extensive chart displaying the full compounded performance of Blue Trading since November 2015. There is also a list of the individual trading strategies that the team members use primarily. The use of multiple strategies helps diversify the risk for clients.

Looking at the chart of full compounded performance, there are only two months with losses from November 2015 to July 2018. Most months display gains of 15 to 25 or 30 percent. The average monthly figure is 19.08 percent with the best month sitting at 33.27 percent. The maximum DD is 14.21 percent and Blue Trading has a winning trade percentage of 71 percent. There are additional figures of year-to-date performance, which was 34.78 percent for 2015, 590.9 percent for 2016, and 870.05 percent for 2017. Those who want even more details can view the Certified Performance Audit to see the total compound returns on the investor accounts using all trading strategies. All the figures regarding profit returns are calculated before fees to allow for complete transparency.

Types of Account

Blue Trading offers either a Standard or a VIP Account. Standard Accounts have a minimum investment of €3,000. Standard Accounts feature no spread mark-ups, account closures and withdrawals that are processed immediately, access to a 24/5 support desk, the option of a Swap Free or Islamic Account, and 24-hour access to the Trading Dashboard. Those with Standard Accounts can also upgrade to a VIP Account at any time as long as they have a total investment of €12,500 in Deposit Capital. VIP Accounts have a €12,500 minimum investment. They come with similar benefits to Standard Accounts but lower fees.

Clients can have more than one account if they prefer to do so. The only requirement is that the primary account holder gives the necessary KYC data, including a passport and utility bill.

Blue Trading Deposits

Both deposits and withdrawals are simple to do via the Blue Trading platform. Most customers choose to make deposits and withdrawals using bank wire transfers or Bitcoin. You can use a credit card, but Blue Trading does not recommend this since your credit card provider may charge fees of up to 7 to 10 percent.

Blue Trading Fees

The fees charged by Blue Trading depend on the account type. There are no management fees associated with an account. There are also no fees for loading, account opening, or inception. The performance fee for Standard Accounts is 18 percent of the net profits with high watermark so clients can keep 82 percent of their trading profits. Those with a VIP account have a 12 percent performance fee on the net profits with high watermark instead, letting them keep 88 percent of the trading profits. As a bonus, VIP Accounts also get a new account trial period of 45 days during which there is no performance fee.

Client Profits

The profits within a client’s trading account are compounded to enhance the earnings. Additionally, as the account grows, Blue Trading adjusts the leverage based on account size to maximize the profit.

Those concerns about taxes should keep in mind that Blue Trading is not legally allowed to give any legal or tax advice. The company also do not send client statements to tax authorities since there are clients in many countries. It is, however, quite easy to download a statement from the Blue Trading platform at any moment to complete the necessary taxes within your jurisdiction.

Is Blue Trading Safe?

Blue Trading takes special care to ensure that clients funds stay safe, particularly given the decentralized nature of the crypto and forex markets. Because of this, all client funds get deposited directly into the company’s Liquidity Brokerage system. The trading team never has access to any of the client traded funds. Instead, the team can just access the Master Trading Console system or PAMM Account. This system lets the team trade hundreds or thousands of accounts via one platform at the same time while ensuring all those accounts stay separate from each other.

Thanks to the use of the Mirror Trader master platform, Blue Trading’s trading team can execute trades in seconds by accessing direct liquidity prime brokers. Each liquidity provider is a globally recognized leader in the industry of online financial trading. Blue Trading also transparently shows its relationship with each of these liquidity providers on the “Fund Safety” page of their website via letters.

The systems use an API network that allows for instant execution while maintaining full transparency. That transparency is viewable by logging into the Blue Trading secure network and another way for clients to know that their funds are safe thanks to the knowledge of how they are being traded.

To minimize risk, Blue Trading does not trade Binary Options in any way. The company feels that they are essentially gambling like you would do in a casino, making them impossible to trade with careful market examination. As such, they are simply too risky and there is no real strategy for success with them.

What Organizations Is Blue Trading a Member of?

To provide additional peace of mind for clients, Blue Trading is a Financial Commission full member, Crypto Valley Switzerland ethics organization full member, and a signatory on the Foreign Exchange Global Committee. Additionally, the team at Blue Trading actively seeks out additional jurisdictions that have increased regulations related to crypto-related funds to stay up-to-date with the still-changing legislation on cryptocurrency. Blue Trading notes that major regulators, including BaFin in Germany and FCA in Britain, do not currently regulate crypto trading, which means there are no opportunities for registration in most countries. Blue Trading plans to pursue those types of registrations once they do become available.

Instead of just mentioning that the company is a member of these organizations, Blue Trading displays proof on the website’s “Fund Safety” page. You can view the Certificate of Membership from the Financial Commission as well as the Statement of Commitment for the Global Foreign Exchange Committee. Membership in the Financial Commission allows for seamless resolution of any issues arising while trading forex as it acts as a neutral third party in disputes.

Blue Trading Customer Support

Blue Trading has an award-winning support team that is available 24 hours a day from Monday through Friday. There are specific email addresses for various types of support, including finance, legal, trading team, and IB program, plus a general info/support desk email. Or account holders can contact Blue Trading support by calling one of the specific regional numbers. There are numbers for both Asia and Europe Direct Access along with specific numbers for Australia, Germany, Hong Kong, Indonesia, Ireland, Italy, Malaysia, Qatar, Saudi Arabia, Singapore, South Africa, Switzerland, and the United Arab Emirates.

Additionally, Blue Trading has support, trading, and meeting centers in Monaco, Switzerland, Ireland, and Japan plus a fax number and a mailing address. There are also annual meetings that give clients the opportunity to learn some of the trading strategies that the Blue Trading team uses on a daily basis.

Conclusion

By offering managed accounts, Blue Trading appeals to those who want to invest in forex or cryptocurrency but are unsure about strategies or simply do not have the time to do so themselves. Blue Trading has a strong reputation and a proven track record that is fully transparent.

As seen from their past performance listed on the site, they have a great track record in generating profits for their customers, of which you will pay them a percentage for their work.

With two types of accounts available depending on the investment amount and 24/7 access to the trading platform and no management or opening fees, there are many reasons to consider Blue Trading.